Through this incubation program, tech start-ups will collaborate with Samsung to bring innovative ideas to market
Samsung Research and Development (R&D) Institute Bangalore (SRI-B) has launched the Start-Up Incubation Program 2023. The program aims to bring together technology start-ups with Samsung to bring innovative ideas to market.
Samsung India has continuously strived to be India’s true partner, bringing advancement through its innovative technologies. With a strong focus on research and development (R&D) to build meaningful innovations, said the company.
Samsung Mobile Advance (SMA) 2023 is a Start-Up Incubation Program, driven by SRI-B.
SMA is a grant funding scheme for new proof-of-concept projects that are specifically tailored to Samsung Mobile technology.
This program is for Indian companies and organisations to gain Samsung’s support in the financial aspect. The SMA winners also gain access to technical and project support to develop their ideas into reality. SMA is specifically designed for start-ups to collaborate with the company and gain an opportunity to develop their innovative ideas.
The Samsung Mobile Advance 2023 is an open call for project proposals from Indian companies and organisations, with three rounds of judging, including a Pitch Day event. The winning ideas will receive up to $50,000 in grant funding from Samsung, along with limited technical and project support and loan devices for a period of six months to enable the winning project ideas to be developed.
The proposals will gain exposure to a wide range of Samsung staff that will evaluate the ideas and select those that have the highest potential. After completion of the six-month program, the developed Proof of Concept projects will be evaluated and considered by Samsung Mobile for further partnership opportunities. The ideas can vary from different technologies like camera, wearable, sensors, ESG, audio and more.
With applications closing in March, the pitch day event is scheduled for May, followed by the announcement of selected companies in June, and the commencement of the program in July. The selected companies will be presenting their demos in February 2024.